Improvement of procedure for simultaneous decision of economic order quantity and economic reorder point

Ikuo Arizono, Yuma Nishikawa, Wakana Kato, Yasuhiko Takemoto

Research output: Contribution to journalArticle

Abstract

The continuous-review (Q, r) inventory model for simultaneously determining economic order quantity and economic reorder point has been considered. In this paper, we investigate an improvement in the basic continuous-review (Q, r) inventory model. Further, an additional procedure to obtain a feasible solution based on the continuous-review (Q, r) inventory model is proposed.

Original languageEnglish
Pages (from-to)110-113
Number of pages4
JournalJournal of Japan Industrial Management Association
Volume65
Issue number2
Publication statusPublished - 2014

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Keywords

  • Economic order quantity
  • Economic reorder point
  • Simultaneous decision

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering
  • Applied Mathematics
  • Management Science and Operations Research
  • Strategy and Management

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